Bitcoin BTC/USD Elliott Wave Analysis ABC Correction 27th Sep

 As we discussed, https://www.weeklypaisa.com/2020/09/bitcoin-btcusd-elliott-wave-analysis.html

Bitcoin 3rd wave on Higher timeframe completed @ 12470 

4th wave Correction abc competed @ 9846

5th wave is in progress.Sub waves of 5th wave as, 

Wave (1)  9860 - 11160

Wave (2) was 78.6% Retracement @ 10130

Wave (3) : Forecast 12350 - 13500


Alternate Scenario :


Bitcoin

After completion of the Five Impulse wave,

A wave: small abc 12455 to 9841

B wave forecast:


B wave expected triangle correction as  ABCDE,

B wave to A wave Fibonacci Ratio as ,
50% Fibonacci @ 11150 & 
61.8% @11450 

So the Price may face resistance between these levels.

C wave forecast : 


Five sub-waves of C wave as I,II,III,IV,V 

1) 61.8% & 50% Fibonacci retracement of whole Five Impulse from 3793 to 12455 is @ 8100-7100

2) C wave is 123.6% of A wave. After completion of B wave, we can calculate this level.



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